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Sunday, October 22, 2017

Crypto News: Bitcoin Breather? Higher Price Push Still Possible on Search Demand

Bitcoin Breather? Higher Price Push Still Possible on Search Demand

The price of bitcoin may have hit a new all-time high above $6,000 today, but it's already showing signs it may be primed to push higher.

At press time, the bitcoin-US dollar (BTC/USD) exchange rate was roughly $5,950, down slightly from the day's high, but up 9 percent on the week amidst what proved to be strong demand for bitcoin in the $5,000-to-$5,500 range.

Week-on-week, bitcoin is up 9 percent, while on a monthly basis, it is up a staggering 53.66%.

Looking ahead, however, at least two underlying trends suggest it may trace higher in the days or weeks ahead.


Full story at http://bit.ly/2yIP9n0


Source: CoinDesk


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